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March 28th, 2009

Our “Stimulus Survey” says…

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As subscribers of our weekly Market Trends newsletter know, we run a three-question survey for two to three weeks to gauge what our readers think of some interesting topic.

The most recent survey — which runs through Sunday night, so there’s still time for you to chime in — asked our readers “How About That Stimulus Tax Cut?”

The results so far have been quite telling:

Market Trends survey

Over half of you think it will put less than $4 per week into your pocket. Sorry, but that was a trick question — or at least, we think so: President Obama promises it will be around $8.

Even so, over 80% of you don’t think it will make much difference to you. Perhaps that was the point in making it so small? –That you’ll just spend it rather than save it?

That was the consensus in our survey — that’s it’s not enough to worry about. To view the survey results, click here.

Well, we’ll see. Eight bucks might just cover a pack of smokes including the new and higher tobacco tax. It’s enough for about four gallons of gas (more or less, depending on your state’s gas taxes), or a “dollar menu” meal for you and your better half.

Exit question: what will you do with your windfall? I’ve heard that Watchmen is worth seeing…

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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